Rosenblatt Securities Reaffirms “Buy” Rating for Micron Technology (NASDAQ:MU)

Micron Technology (NASDAQ:MU)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a research note issued to investors on Thursday, Benzinga reports. They currently have a $1,900.00 target price on the semiconductor manufacturer’s stock. Rosenblatt Securities‘s price objective indicates a potential upside of 117.09% from the company’s previous close.

Several other brokerages have also issued reports on MU. TD Cowen restated a “buy” rating and issued a $1,600.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. The Goldman Sachs Group set a $1,250.00 price objective on shares of Micron Technology in a report on Thursday, October 1st. Wolfe Research set a $1,500.00 price objective on shares of Micron Technology in a report on Thursday, June 25th. Phillip Securities boosted their price objective on shares of Micron Technology from $530.00 to $1,870.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Wedbush restated an “outperform” rating and issued a $1,400.00 price objective on shares of Micron Technology in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,407.88.

Micron Technology Trading Down 4.2%

MU traded down $38.46 on Thursday, hitting $875.21. The company had a trading volume of 7,758,223 shares, compared to its average volume of 40,693,855. The firm has a market cap of $990.23 billion, a P/E ratio of 11.77, a PEG ratio of 0.16 and a beta of 2.22. Micron Technology has a 1 year low of $192.59 and a 1 year high of $1,255.00. The company’s fifty day moving average price is $987.36 and its 200 day moving average price is $876.61. The company has a current ratio of 3.31, a quick ratio of 2.94 and a debt-to-equity ratio of 0.03.

Micron Technology (NASDAQ:MU) last issued its quarterly earnings data on Wednesday, September 30th. The semiconductor manufacturer reported $33.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $31.77 by $1.65. The firm had revenue of $54.23 billion for the quarter, compared to analyst estimates of $51.33 billion. Micron Technology had a net margin of 63.80% and a return on equity of 92.62%. Micron Technology’s revenue was up 379.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.03 EPS. Micron Technology has set its Q1 2027 guidance at 37.150-39.150 EPS. As a group, equities analysts expect that Micron Technology will post 177.03 earnings per share for the current year.

Insiders Place Their Bets

In other Micron Technology news, EVP Sumit Sadana sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $934.29, for a total transaction of $14,014,350.00. Following the sale, the executive vice president directly owned 191,021 shares in the company, valued at $178,469,010.09. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sanjay Mehrotra sold 40,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $968.90, for a total transaction of $38,756,000.00. Following the sale, the chief executive officer owned 264,503 shares in the company, valued at $256,276,956.70. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 123,545 shares of company stock worth $115,750,966 over the last three months. Company insiders own 0.24% of the company’s stock.

Institutional Trading of Micron Technology

A number of institutional investors and hedge funds have recently bought and sold shares of MU. Andar Capital Management HK Ltd grew its position in shares of Micron Technology by 856,960.3% during the second quarter. Andar Capital Management HK Ltd now owns 34,282,413 shares of the semiconductor manufacturer’s stock worth $39,571,847,000 after buying an additional 34,278,413 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Micron Technology during the second quarter worth about $22,182,263,000. Legal & General Group Plc acquired a new position in shares of Micron Technology during the second quarter worth about $8,402,393,000. Situational Awareness LP grew its position in shares of Micron Technology by 1,149.0% during the second quarter. Situational Awareness LP now owns 4,828,786 shares of the semiconductor manufacturer’s stock worth $5,573,819,000 after buying an additional 5,289,124 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Micron Technology during the second quarter worth about $3,761,237,000. 80.84% of the stock is currently owned by hedge funds and other institutional investors.

More Micron Technology News

Here are the key news stories impacting Micron Technology this week:

• Positive Sentiment: Micron’s fiscal fourth-quarter revenue surged 379% year over year to $54.23 billion, while adjusted EPS of $33.42 exceeded expectations. Management guided to approximately $61.5 billion of revenue for the next quarter, suggesting that high-bandwidth memory (HBM), DRAM and NAND demand from AI data centers remains robust. Capacity is reportedly booked well into 2027, supporting the argument that the memory upcycle could last longer. Micron’s Earnings Reveal Why the AI Memory Boom May Last Longer
• Positive Sentiment: Analyst sentiment remains strongly bullish. Rosenblatt reaffirmed a Buy rating with a $1,900 price target, while Needham reiterated Buy with a $1,650 target. Other analysts cite tight supply, higher memory contract prices, multiyear customer commitments and potential share repurchases as additional upside catalysts. Micron Stock Moves Higher: What’s Going On?
• Positive Sentiment: Micron reached a labor agreement with a larger Taiwan union and introduced quarterly bonuses tied to company profits, reducing some risk of a broad production disruption. Its investment in U.S. critical-minerals processing also aims to strengthen supply-chain resilience. Micron Reaches Agreement With Taiwan Union
• Neutral Sentiment: Despite the earnings strength, Micron trades well below its recent peak after an extraordinary rally. Investors are weighing whether current profits and valuation can be sustained through the next memory cycle.
• Negative Sentiment: Semiconductor stocks broadly declined as markets questioned whether major AI customers can maintain infrastructure spending. Concerns that new capacity, stronger competition from China’s CXMT and eventual memory-price normalization could reduce Micron’s unusually high margins are weighing on sentiment. Why Wall Street Is Questioning AI Spending
• Negative Sentiment: A Taiwan union’s planned strike over profit-sharing remains an operational and margin risk, although the potential impact appears localized. Investors are watching whether labor costs rise enough to undermine the operating leverage expected from the AI boom. Micron Introduces Quarterly Employee Bonus Tied to Profits

About Micron Technology

Micron Technology, Inc is a semiconductor company that develops and manufactures memory and storage products. Its portfolio includes dynamic random-access memory (DRAM), NAND flash memory, NOR flash memory, solid-state drives, memory modules, and other semiconductor solutions used in data centers, personal computers, smartphones, automotive systems, industrial equipment, and consumer electronics.

The company also provides high-bandwidth memory and other advanced memory technologies designed to support artificial intelligence, high-performance computing, networking, and graphics applications.